Botanical Extracts Market Size, Share, Growth, Trends, 2032

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰-
The global botanical extracts market size was USD 5.85 billion in 2023 and is expected to grow from USD 6.34 billion in 2024 to USD 13.27 billion by 2032 at a CAGR of 9.67% during the forecast period (2024-2032). The increasing awareness of herbal products' health benefits and the growing demand for convenience food products are likely to be the key factors boosting the market growth. Fortune Business InsightsTMhas presented this information in its report titled, "Botanical Extracts Market, 2024-2032". The market size stood at USD 5.85 billion in 2023 and USD 6.34 billion in 2024.
Additionally, the rising demand for clean-label food products due to the growing health consciousness among consumers is projected to be a key trend stimulating the market growth.
𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅: https://www.fortunebusinessinsights.com/enquiry/sample/botanical-extracts-market-106042
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
• International Flavors & Fragrances (New York, U.S.)
• Kalsec Inc. (Michigan, U.S.)
• Dohler GmbH (Darmstadt, Germany)
• Nexira (New Jersey, U.S.)
• Haldin Natural (Jakarta, Indonesia)
• Synthite Industries (Kochi, India)
• MB-Holding GmbH & Co. KG (Bayern, Germany)
• Synergy Flavors (Illinois, U.S.)
• Blue Sky Botanics (Ross-on-Wye, U.K.)
• Fytosan (Die, France)
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬-
𝐒𝐨𝐮𝐫𝐜𝐞, 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲, 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧 𝐚𝐫𝐞 𝐒𝐭𝐮𝐝𝐢𝐞𝐝
On the basis of source, the market is fragmented into spices, herbs, flowers, leaves, and others. On the basis of technology, the market is segmented into enfleurage, steam distillation, solvent extraction, CO2 extraction, and others. On the basis of application, the market is trifurcated into cosmetics, pharmaceutical and nutraceutical, and food & beverages. Geographically, the market is classified into South America, North America, Europe, Asia Pacific, and the Middle East & Africa.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.fortunebusinessinsights.com/enquiry/multi-report-purchase/botanical-extracts-market-106042
𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞-
• It envisages Porters' five forces analysis for precise market prediction.
• It incorporates SWOT analysis of the market.
• It highlights various restraints to market growth and suggests strategies to overcome them.
• It showcases the various strategies adopted by key market players to acquire growth.
• It highlights the latest industry developments.
𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬-
𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐃𝐢𝐞𝐭𝐚𝐫𝐲 𝐒𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐁𝐨𝐥𝐬𝐭𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The demand for convenience food products such as sports & energy beverages, ready-to-drink beverages, ready meals, sauces & dressings, and bakery & confectionery has been exponentially rising in the recent years. The expanding working women populace, altering consumer lifestyles, escalating online and brick & mortar retail, and improving income levels are a few factors fueling the demand for convenience food products. Botanical extracts are used to add flavors, fragrance, and nutritional properties to convenience foods. They also help to elongate the shelf life of these products. This, in turn, is anticipated to bolster the global botanical extracts market growth.
Botanical extracts are widely used in dietary supplements due to various proteins, amino acids, multivitamins, minerals, and vitamins present in them. The rising inclination toward active and fit lifestyles, growing health concerns, and rising healthcare costs augments the demand for dietary supplements and are likely to favor the growth of the market.
However, the fluctuations in raw material costs due to varied climatic conditions and other such factors may hamper the market growth.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬-
𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞 𝐅𝐨𝐨𝐝𝐬 𝐭𝐨 𝐅𝐮𝐞𝐥 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜
Europe is anticipated to exhibit remarkable growth in the global botanical extracts market share. The rising demand for beverages infused with botanical extracts is expected to augment the region's market growth. The growing shift of consumers toward plant-based, healthy drinks over carbonated drinks is likely to complement the market growth.
Asia Pacific is projected to witness astonishing growth in the forthcoming years. The growing consumption of convenience food products, such as packaged snacks, ready-to-eat meals, and others, due to the increasing online and organized retail is expected to fuel the region's market growth.
North America is likely to register substantial growth in the global market due to the escalating demand for functional beverages.
𝐀𝐬𝐤 𝐅𝐨𝐫 𝐓𝐡𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/botanical-extracts-market-106042
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞-
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐄𝐦𝐩𝐡𝐚𝐬𝐢𝐳𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐭𝐨 𝐆𝐚𝐫𝐧𝐞𝐫 𝐆𝐫𝐨𝐰𝐭𝐡
The market is consolidated with a limited number of regional and established players. The market comprises Nexira, Dohler GmbH, Kalsec Inc, and International Flavors and Fragrances Inc. amongst the top market players. The major market players emphasize the expansion of production capacities to fulfill global demand. They adopt inorganic growth strategies, including acquisitions, mergers, partnerships, and others to expand their businesses. For instance, Nexira acquired Unipektin Ingredients AG in February 2021 to expand its product portfolio using Unipektin's unique product offerings.
𝐊𝐄𝐘 𝐈𝐍𝐃𝐔𝐒𝐓𝐑𝐘 𝐃𝐄𝐕𝐄𝐋𝐎𝐏𝐌𝐄𝐍𝐓𝐒
𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟒: Native Extracts, one of the leading Australian Phyto-tech company, partnered with Heyi Commercial Group (Heyi), a technology-based trading company. The partnership would mark a significant expansion of natural ingredients, such as botanical extracts, in China.

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This release was published on openPR.